Real estate is one of the most powerful wealth-building vehicles—but only if you know how to play the game. 

@Michelle Hardy Just adding, check your local city too for their requirements, many have specific requirements that the state may not have.Here in VT in the towns my properties are in, there is not a requirement to keep them separate or pay interest. 

Definitely come to the Midwest with no debt

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

Being nearby allows you to stay hands-on—you can see, touch, and fully immerse yourself in the process.There’s a lot to learn, not just about managing rentals but also about overseeing property management companies.Handling tenants and maintenance can feel overwhelming at times, but starting with a property close to home gives you the opportunity to gain valuable experience.

@Allan Guerra, at least in Ohio, you cannot receive a commission based on the purchase price of a property without being a licensed real estate agent.  

It just does.  

Turn around and put $300k back on primary residence mortgage and use the remaining $300K to finance the next house.  

When I go to events like this, I do go to some of the sessions, but most of my time is just sitting in the lobby chatting with people. 

I knew the good and not so good areas.